Why Succession Planning Matters
Did you know that a recent research study found that 50% of companies with revenue greater than $500 million don’t have a proper CEO succession plan in place? This finding is quite shocking, as succession plans are an essential part of growing and maintaining a healthy company or organization. Without succession plans, not only is a company’s brand and culture at risk, but a lack of proper CEO designation also makes investors, board members and staff unease and uncertain about the company’s future. To learn more about the importance of succession planning, check out the infographic below.